Active Listing  ·  17 days on market

122 Feritti Dr

Lakeway, TX 78734
$745,000
4 Bed 3 Bath 2,520 sqft $296/sqft Built 2014 0.24 acres 2-Car Garage Pool Rough Hollow- East Rim

There is a particular ease to a house that asks nothing of you. At 122 Feritti Drive, four bedrooms and three full baths sit on a single level — 2,520 square feet with no interior steps and no stairwell to negotiate. Scott Felder Homes built it in 2014 on a corner quarter-acre in the East Rim, the original Rough Hollow, where tile roofs run every street and the design guidelines were written tighter. The architecture holds up: masonry on all four sides, stucco and stone veneer, a radiant barrier, and an arched entry through a gated courtyard. Wood floors run through arched passages to the back of the house, where the family room gathers around a stone gas-log fireplace set between built-in bookcases under a coffered ceiling. The kitchen sits open to it — granite counters, a generous island, a professional gas cooktop beneath a vented hood, built-in double ovens, and a walk-in pantry, with a breakfast area on one side and a formal dining room on the other. The primary suite sits at the rear for quiet, with a double vanity, soaking tub, separate shower, and walk-in closet. One secondary bedroom carries its own full bath, which makes a guest stay comfortable rather than possible. The covered living beyond the sliding doors is the room the house is organized around: a second fireplace, a 36" built-in LP grill on the community propane line, a motorized retractable screen, ceiling fans, and a level, fenced, landscaped yard with mature trees beyond. What the lot trades in view it returns in privacy: the home behind sits above a retaining wall, so no windows look down into the yard. Rough Hollow supplies the rest — the Highland Village pool complex, lazy river and splash pad, the adult pool, sport courts, fitness center, Canyon Grille, and the Yacht Club and Marina minutes away. Serene Hills Elementary, Lake Travis Middle, and Lake Travis High. Priced against current comparables, in a section where single-level plans rarely surface. Private showings by appointment.

At $296/sqft, this home is 9% below the Lakeway active market average of $327/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

122 Feritti Dr, Lakeway, TX 78734

Property Details

Price $745,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,520 sqft
Lot Size 0.24 acres (10,628.64 sqft)
Year Built 2014
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Rough Hollow- East Rim
County Travis
Zip Code 78734
$/sqft $296/sqft
Days on Market ,
HOA $265/Monthly
Annual Tax Est. $9,390
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245511575
List Date September 6, 2026
Elementary School Serene Hills
Middle School Lake Travis
High School Lake Travis
School District ,

Luke Allen (TREC #788149) has deep knowledge of Lakeway and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in Lakeway

Comparable Listings Right Now

Homes currently for sale in Lakeway with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
404 Marina View Way
Villas At Rough Hollow South S
$740,000 $285 4 bd / 4 ba 2,597 sqft , 2026-09-11
403 Austin Heights Rd
The District
$739,900 $264 4 bd / 4 ba 2,800 sqft , 2026-02-26
105 Pennybacker Ln
The District
$729,900 $290 4 bd / 4 ba 2,516 sqft , 2026-07-27
105 Cascading Water Pl
Rough Hollow
$725,000 $280 4 bd / 3 ba 2,591 sqft , 2026-02-25
116 Blue Clearing Way
Rough Hollow Sec 3 Condo
$789,000 $258 4 bd / 4 ba 3,057 sqft , 2026-08-01

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$3,576/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$149,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$3,576
Principal + Interest−$4,066
Property Tax (~2.1% TX avg)−$1,304
Insurance (~0.5%)−$310
Est. Monthly Cash Flow $-2,104

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Lakeway, TX

Lakeway sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Apple Campus (Domain) 30 min E
Downtown Austin 30 min E via 71
Westlake corridor 15 min E

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on September 12, 2026.

📞 (254) 718-2567 [email protected] More about Luke →